reducing the cost of health care, the size of the deficit. the focus, it seemed to me, if there was an overriding theme, it was on equality, including fixing income inequality. how did you see it? >> i mean, the section on deficits, health care, entitlements, was a really fascinating paragraph. it wasn't a very long piece of the speech, but it was on one hand, the pragmatist obama coming out and saying we have to make hard choices on health care, on deficits, but he pivoted hard back to that message of equality that social security, medicare, medicaid are social equalizer and he's going to defend their place in society, and that's a slightly -- he's always said similar things, but the fact that he turned so hard back to a tone of saying i'm going to defend these programs, it led people to believe rightly so that he's going to be coming at the negotiations in the next couple months, maybe even the next four years, driving a harder bargain than he had the last four years on entitlement reform. it upset some deficit hawks, people who are hoping he really takes the reins o

to do to reduce the budget deficits and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me ask you about your announcement last week. you were going to hire engineers, computer programmers. last year you announced to add 12,000 jobs by 2015. given everything that's going on, how confident are you that you'll still

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